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Swiggy's food delivery biz turns profitable, excluding ESOP costs: CEO

TMT

18 May, 2023

Swiggy's food delivery biz turns profitable, excluding ESOP costs: CEO

Foodtech unicorn Swiggy on Thursday said its food delivery business, which accounts for the majority of its revenue, has turned ......

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Invesco trims Swiggy's valuation in ‘March' again after slashing it to $5.5 bn

TMT

08 May, 2023

Invesco trims Swiggy's valuation in ‘March' again after slashing it to $5.5 bn

US-based Invesco has knocked down the value of its stake in foodtech unicorn Swiggy held through one of its investment ......

Grapevine: Tiger Global exits Freshworks; Cred's Shah taps GIC for new NBFC

General

01 May, 2023

Grapevine: Tiger Global exits Freshworks; Cred's Shah taps GIC for new NBFC

Tiger Global, one of the most active venture capital backers in India over the past decade, has made its second ......

Indian startups set for more pain as funding crunch worsens

TMT

19 April, 2023

Indian startups set for more pain as funding crunch worsens

A funding squeeze at Indian startups that has already led to layoffs and delayed stock listings is set to worsen ......

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Check out India's top cash-guzzling startups

TMT

04 April, 2023

Check out India's top cash-guzzling startups

India’s top technology startups spent billions of dollars raised from alternative investment firms in the year through March 2022 in ......

How the digitised Indian consumer is luring global investors for a piece of cake

TMT

03 April, 2023

How the digitised Indian consumer is luring global investors for a piece of cake

Mumbai resident Shivam Vahia cannot remember the last time he left home to shop. He spends about 30,000 rupees ($364) ......

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How top Indian startups raked it in from VC money parked in mutual funds, banks

TMT

27 March, 2023

How top Indian startups raked it in from VC money parked in mutual funds, banks

Indian technology startups generated high non-operating revenue, or income from investment of surplus cash pumped in by investors in the ......

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Deals Digest: Funding activity tanks seeing steepest decline in weeks

TMT

03 March, 2023

Deals Digest: Funding activity tanks seeing steepest decline in weeks

In a major decline in funding activity, deal value more than halved from the last week as the last five ......

VC-backed Kitchens@ buys Swiggy's cloud kitchens after snapping Zomato's ZIS

TMT

02 March, 2023

VC-backed Kitchens@ buys Swiggy's cloud kitchens after snapping Zomato's ZIS

Food delivery aggregator Swiggy has sold its cloud kitchen business to Beenext-backed Loyal Hospitality Pvt. Ltd, which operates cloud kitchen ......

Zomato presses for home-style meals in a revival push

TMT

22 February, 2023

Zomato presses for home-style meals in a revival push

Zomato on Wednesday rolled out a new offering under which the food aggregator will deliver its users affordable and home-cooked ......